Jeff Bezos & Liverpool: Consortium including American advances talksJeff Bezos & Liverpool: Consortium including American advances talks

Consortium Nears Liverpool Stake Acquisition

A consortium that includes Amazon founder Jeff Bezos has advanced discussions to acquire a minority stake in Liverpool Football Club. Reports indicate the group is nearing a deal to purchase approximately a one-third stake in the club. Fenway Sports Group (FSG), the current controlling shareholder of the Anfield club, is reportedly preparing an announcement regarding this transaction.

The consortium is led by British-Indian businessman Amit Bhatia. In addition to Bezos, Facebook co-founder Eduardo Saverin is also part of the investor group. FSG had previously confirmed last month that a group had expressed interest in making a strategic minority investment in the club.

Key Figures in the Investment

Jeff Bezos, an American businessman and founder of the e-commerce giant Amazon, is considered one of the world’s wealthiest individuals. According to Forbes, his estimated net worth is over £207bn ($280bn). Bezos stepped down as Amazon‘s chief executive in 2021 to become executive chairman, though he still retains an 8% ownership in the company. His other business interests include The Washington Post and aerospace company Blue Origin.

Bezos has previously explored opportunities in sports, having been linked with a takeover of the NFL franchise Washington Commanders and considering the possibility of buying the Seattle Seahawks. While he ultimately did not submit offers for those teams, his potential involvement with Liverpool marks his entry into the sporting arena.

Amazon founder Jeff Bezos (right) is nearing deal to buy stake in Liverpool as part of Amit Bhatia's consortium (Evan Agostini/Invision
Image:Amazon founder Jeff Bezos (right) is nearing deal to buy stake in Liverpool as part of Amit Bhatia's consortium (Evan Agostini/Invision Credit: skysports.com

Amit Bhatia, who leads the consortium, is the son-in-law of Indian billionaire businessman Lakshmi Mittal. Bhatia has an investment banking background and manages AyBe Capital, a multi-asset investment firm. He was also a director and co-owner of Queens Park Rangers for 18 years before relinquishing his stake in the club last month.

Eduardo Saverin, another prominent member of the investor group, is 44 years old and was a co-founder of Facebook. His net worth is estimated to be over £23.7bn ($32bn). Saverin was previously part of a consortium that made an unsuccessful bid to acquire Chelsea FC during the 2022 auction.

Implications for Liverpool and FSG

FSG acquired Liverpool in 2010 in a £300m deal. If completed, the current deal could value the club at £4.4bn ($6bn), making it one of the largest deals in sports history. This valuation would highlight the significant financial success FSG has achieved during its 16-year ownership of the club. FSG previously sold a minority stake in Liverpool to global sports investment firm Dynasty Equity in 2023, which valued the club at more than £3.3bn ($4.5bn).

The arrival of such a powerful consortium, including some of the world’s wealthiest individuals, is expected to fuel speculation about their long-term intentions, with some suggesting they might ultimately seek outright control of the Reds. The investment in Liverpool underscores the growing trend of wealthy investors viewing sports clubs as a significant asset class.

A spokesperson for FSG stated last month that an investment consortium led, managed, and represented by Amit Bhatia had expressed interest in making a strategic minority investment in Liverpool Football Club. FSG has declined to comment further on the potential timing of a deal, as has a spokesman for the consortium led by Mr. Bhatia.

The transaction is understood to involve a stake potentially exceeding 30 per cent. An announcement regarding the deal is anticipated in the coming days, though it could extend into the following week.

FSG have been in complete control of Liverpool since 2010
Image:FSG have been in complete control of Liverpool since 2010 Credit: skysports.com

Previous Investments and Future Outlook

Bezos’s interest in Liverpool follows his previous considerations of investing in NFL franchises. His venture into football highlights the increasing appeal of major sports clubs to high-net-worth individuals. The involvement of individuals like Bezos and Saverin in the Liverpool consortium suggests a significant financial backing for the club.

The investment by this consortium is expected to further enhance Liverpool‘s financial standing, building on the club’s already substantial turnover. The deal, if finalised, would represent a notable return for FSG, who acquired the club when it was in a financially troubled state. The potential for a deal of this magnitude reinforces the club’s position as a valuable asset in the global sports market.

The last change in Liverpool‘s ownership structure occurred in 2023 when Dynasty Equity acquired a minority interest in the club.

Source: bbc.com

By Sanjay Menon

Sports correspondent covering cricket, football and international competitions.